Sonnenblick-Eichner Arranges $110 Million Refinance for Hotel Nia Autograph Collection in Menlo Park, California
💰 Sonnenblick-Eichner Company arranged $110 million in first mortgage debt for Independence Menlo Hotel Owner LLC to refinance Hotel Nia in Menlo Park, California. The five-year, floating-rate loan was funded by a private real estate credit manager. Hotel Nia, completed in 2018, is an 11-story, 250-room hotel with 10,046 square feet of indoor meeting space. The loan priced at a credit spread of less than 400 bps over SOFR, reflecting strong market interest.
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